THE TALISMAN MINE.

Press, Volume LXIV, Issue 13232, 28 September 1908, Page 9

THE TALISMAN MINE.

AUCKLAND v WELLINGTON SHAREHOLDERS.

fsrF/TAI. TO "THE TURPS/) AUCKLAND, Scj-.teraber 27. Mr G. A. Buttle, chairman of tbo Auckland Stock Exchange, after tlio second call yesterday, reicrred to the "expert's report"' telcgraDlied froui ■Wellington, as tno result cf an int«r----vit-TV between Dr. Kniglit ar.d Mr Wes(local Eharcbolders" ccmniitUxj) with Jlr the mechanical expert to Messrs Bewick, Morgan and Co., in which that gentleman is credited with btating "that he is fully saLteikd the thirteenth level can be unvratered, and the Talisman shaft sunk to the fourteenth level rdih tho a&sistance of a sinking pump." The chairman sa.u ho ■wished to .speak with reference* to the Talisman business, and although ho was <ioing so in the Exchange, ho did not wish it to be thought that he> was addressing thorn as sharebrokor*. Tiic-y were well awaro that in the past thcro had been a great amount of agitation in Wellington by shareholders in tho Talisman Company, and it appeared to J;im the Wellington committee aaar.n-ei that no one knew the Talisman ny :e l)olter than themselves. Ho ho was right in stating that but lor tne iniervention of the Auckland shareholders, who adopted a more conciliatory tone, the Wellington committee would still be fighting the London Hoard of Directors. It was owing to tiw Auckland shareholders stepping in and assisting that the Dominion shareholders got what they asked for in tho matter of representation on the Board. Their Wellington friends now eeoiued to as6Utn« that they represented tho Dominion shareholders. Without conbulting tho Auckland committee in any way, he knew that they had at times communicated with the London Board, suggesting that certain things should bo done. Tho Board, however, dealt with thorn subject to the consent of the Auckland committee. There were times when tho Auckland committee considered that what -was euggested •was not in tho shareholders' interest, and TCport-ed "accordingly. Ho knew that Mr Stansfield was with the Auckland shareholders in this matter. The arrangement was that when any news was available from the mine, it ehould bo communicated to the two members of the committee in Wellington, and to Mr Hanna and Mr Smith in Auckland, to make the same public as speedily as possible. Recently news had been telegraphed from Wellington about the Talisman mine, and •wlien he went to Mr Hanna to enquire whj the same news ivas not made public here, ho wns informed that it Tind not been enpplicd by Mr SUnsfield. Presumably the Wellington committee had an interview with Mr Bigelow on his way back to Australia, yet this emanated as official information regarding the mine, whereas itliad not the authority of Mr Stcmfield behind it.